Rhode Island was among the top five states last month with delinquent mortgages, and also ranks fifth among states with the highest percentage of “underwater” properties in the second quarter, according to information released Thursday by two separate real estate data tracking firms.
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The 118-year-old Carey School stopped operating as a school in 2009. It is being redeveloped by Boston-based Arch Street Development LLC, which specializes in redevelopment, adaptive reuse and historic building preservation in the Northeast.
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Massachusetts single-family home sales declined 6.6 percent in August, marking the sixth time sales have decreased year-over-year in 2014, according to the latest report by The Warren Group, publisher of Banker & Tradesman.
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National Grid has completed the installation of new natural gas mains and service lines in two Cranston neighborhoods, and will start work in neighborhoods in East Providence and the area of Cool Spring Drive in Cranston, as part of a project to expand distribution of natural gas in select areas.
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Colville Properties, owner of 28 rental properties in Fall River, has filed for Chapter 11 federal bankruptcy protection, citing problems with the city’s crime rate, as well as fire and uncooperative bankers, according to news reports.
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Get the most up-to-date data on the Rhode Island and southern Massachusetts business community from the PBN List Center. Download and purchase PBN Lists as well as the complete Book of Lists in Excel format.